For Accordia, the deal marks the company's first acquisition since it was formed earlier this year. Claremont was represented by Peter Rasmussen of Grubb & Ellis; the sale price was not disclosed.
"The existing leases and current activity at Warren Corporate Center provides upside potential," says Jason Bogart, a partner of the West Orange, NJ-based Accordia. Adds Joseph Romano, also a partner, "this is an important acquisition for us."
Completed earlier this year by Claremont, the three-building complex at 34 Mountain Blvd. is currently 75% leased. The anchor tenant is healthcare provider Summit Medical Group, which moved its operations from nearby Watchung, NJ into the complex in March.
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